According to Forbes Vietnam, the after-tax profit of the 50 best listed companies in 2019 on the Ho Chi Minh City Stock Exchange (HOSE) and the Hanoi Exchange (HNX) was over VND127 trillion ($5.46 billion), up 19.2 percent from last year. Total market capitalization reached US $ 94 billion, equivalent to 63% of the capitalization in the middle of May 2019.

The companies in the list are leading companies or have established competitive position in the industry, divided by each sector group and have impressive growth rates. Being awarded for the 7^th consecutive time confirming HSC sustainable development in business and also reflecting the company's professional, reputable services and strong financial capability throughout the years.

The list bases on the ranking method of Forbes (US) with the consideration on listed company specification in Vietnam. Information used to vote is audited financial reports of continuous five years in the period 2014 - 2018 (in case of companies whose fiscal year ends in mid-year Forbes Vietnam uses the data of latest accounting year). Capitalization of companies in the list is finalized in May 2019.

EVALUATION METHODS

Forbes considers all stocks listed on the HSX and HNX and arranged in separate sectors. In the preliminary round of companies that are at a loss, or in the process of delisting, whose market capitalization and turnover are under VND 500 billion, the subsidiaries have their business activities dependent on the parent company (have been reviewed) are disqualified. In the round of quantitative calculations, companies are graded according to the following criteria: double growth rate of revenue, profit, ROE, ROC and EPS growth in the period of 2014 - 2018. Calculations Quantitative follow the method of Forbes supported by Viet Capital Securities Company (VCSC).

Next, qualitative round, Forbes Vietnam considers independently the sustainable development level of the business: brand, corporate governance quality, past profit origin and prospects for sustainable development. Companies that repeatedly violated the obligation to disclose information of two stock exchanges, suspected of manipulating stock prices or showing signs of lack of transparency, would be rejected.